Walk The Talk – Environmental Law

Welcome to the 1^st edition of the KPMG report on
employee expectations and experiences on ESG in Malta.

We are witnessing several megatrends that are transforming our
lives.

Businesses are increasingly prioritising sustainability as they
recognise its critical role in long-term success. This shift is not
just about mitigating environmental and social impacts, but also
about generating value and creating opportunities. From improving
operational efficiency to enhancing brand reputation,
sustainability is becoming a key driver in decision-making
processes. Additionally, businesses are recognising that
sustainable practices can drive innovation, establish new markets,
strengthen customer loyalty, as well as attract and retain talent.
Moving forward, embedding sustainability within core business
strategies will emerge as an essential element of corporate
responsibility and competitive advantage.

To operate successfully in this shifting environment and to
attract and retain the right type of talent, businesses need to
start focusing on ESG in the same way that they have done with more
traditional business performance indicators, such as lead-to-client
conversion rates or profit margins. From a ‘People’
perspective, ESG impacts the experience of the general workforce
twice fold. Not only do employees working for businesses with
strong ESG commitments tend to report better work experiences,
feeling more satisfied and engaged¹, but this
understanding is leading to increased selectivity by job
applicants, who are equally gravitating towards businesses
recognised for being ‘great places to work’.

KPMG in Malta conducted a nationwide study in August 2023 which
sought to explore whether:

The key insights from our research showcase the value that
employees and job seekers in Malta place on ESG:

We acknowledge that integrating ESG principles into your
business requires effort. However, it is worth noting that ESG
serves not only as a tool for enhancing organisational performance
but is also vital to secure the ongoing environmental, social and
financial sustainability of your organisation and cannot be
ignored. We propose key action points on ESG, which can be used by
leaders to make the first steps towards better ESG performance and
position their organisation as the employer of choice. While the
concept of ESG may appear daunting, small incremental changes can
lead to sustained progress and contribute positively to our
collective future.

Footnote

1. Workplace, 2024. What is ESG and why does it
matter? Refer to link.

Download the report:

Walk the Talk | Employee expectations and
experiences on ESG in Malta

The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.